Senator Judd Gregg: US Bankruptcy is Inevitable

March 15, 2010
By 2 comments

Sorry to keep bringing you all such bad news, but someone’s gotta do it. If you have kids, or you are a kid, you should be very concerned. Senator Judd Gregg (R-NH) told Fox News that in two years federal revenues will be at 20% of GDP, but spending is at 25% of GDP today, and will be at 30% of GDP if Democrats pass their dreadful health care plan. (That means that the federal government takes one of every five dollars earned by productive members of society, but it’s spending one out of every four dollars earned by the productive members of society. And soon it will only get worse.)

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2 Responses to Senator Judd Gregg: US Bankruptcy is Inevitable

  1. Lisa on March 15, 2010 at 10:19 pm

    Too bad Gregg wasn’t more concerned all the other years he’s been in office doing nothing.

    Like or Dislike: Thumb up 0 Thumb down 0

    • Lonely Conservative on March 15, 2010 at 10:31 pm

      Stick around for my next post. :(

      Like or Dislike: Thumb up 0 Thumb down 0

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